[House Hearing, 114 Congress] [From the U - How to finance a house flip.S. Government Publishing Office] THE STRATEGIC IMPORTANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOUSE OF REPRESENTATIVES ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for making use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Available by means of the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING OFFICE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Files, U.S. Federal Government Publishing Workplace Internet: bookstore.
ROYCE, California, Chairman CHRISTOPHER H. SMITH, New Jersey ELIOT L. ENGEL, New York City ILEANA ROS-LEHTINEN, Florida BRAD SHERMAN, California DANA ROHRABACHER, California GREGORY W. MEEKS, New York STEVE CHABOT, Ohio ALBIO SIRES, New Jersey JOE WILSON, South Carolina GERALD E. CONNOLLY, Virginia MICHAEL T. Mc, CAUL, Texas THEODORE E. DEUTCH, Florida TED POE, Texas BRIAN HIGGINS, New York City MATT SALMON, Arizona KAREN BASS, California DARRELL E. ISSA, California WILLIAM KEATING, Massachusetts TOM MARINO, Pennsylvania DAVID CICILLINE, Rhode Island JEFF DUNCAN, South Carolina ALAN GRAYSON, Florida MO BROOKS, Alabama AMI BERA, California PAUL COOK, California ALAN S. LOWENTHAL, California RANDY K.
YOHO, Florida ROBIN L. KELLY, Illinois CURT CLAWSON, Florida BRENDAN F. BOYLE, Pennsylvania SCOTT Des, JARLAIS, Tennessee REID J. What is a consumer finance account. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York City DANIEL DONOVAN, New York City Amy Porter, Chief of Personnel Thomas Sheehy, Personnel Director Jason Steinbaum, Democratic Staff Director ------ Subcommittee on the Western Hemisphere JEFF DUNCAN, South Carolina, Chairman CHRISTOPHER H. SMITH, New Jersey ALBIO SIRES, New Jersey ILEANA ROS-LEHTINEN, Florida JOAQUIN CASTRO, Texas MICHAEL T. Mc, CAUL, Texas ROBIN L. KELLY, Illinois MATT SALMON, Arizona GREGORY W. MEEKS, New York RON De, SANTIS, Florida ALAN GRAYSON, Florida TED S.
LOWENTHAL, California DANIEL DONOVAN, New York City C O N T E N T S ---------- Page WITNESSES Mr. Eric Farnsworth, vice president, Council of the Americas and Americas Society ... ... ... ... ... ... ... ...... 4 Ms. Sally Yearwood, executive director, Caribbean-Central American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for international affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, STATEMENTS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE TACTICAL VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN COLLABORATION ---------- THURSDAY, JULY 14, 2016 Legislature, Subcommittee on the Western Hemisphere, Committee on Foreign Affairs, Washington, DC. Jeff Duncan (chairman of the subcommittee )presiding. Mr. Duncan. Okay. A quorum being present, the subcommittee will come to order.
I would now like to acknowledge myself for an opening declaration. Thank you, men, for your persistence. Today, we should you buy a timeshare need to highlight an extremely essential area in our hemisphere that unfortunately typically gets neglected. A lot of our Caribbean pals have consistently urged the United States to pay more attention to the Caribbean, and I want you to know that I have heard you. I would also like to thank Ranking Member Sires in particular for his leadership in working to prioritize this subcommittee's focus on the Caribbean. However, while these are definitely essential strengths for the area, the Caribbean has far more to provide which U.S. businesses, universities, and regional.
communities must think about when planning future financial investment, academic research, or where to develop more powerful economic ties. Among the main tools of U.S. engagement with CARICOM nations is the Caribbean Basin Effort, or CBI, which was created in 1983. Can we turn that sound down a bit, sir? Can we turn that down simply a little bit? Okay. Which was created in 1983 and has consequently broadened to provide 17 countries and dependent territories with duty-free access to U.S. This engagement has actually caused a 44-percent boost in U.S. exports to the Caribbean over the previous ten years, and in 2015 the overall trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I think it is crucial to deal with our next-door neighbors to equally promote financial growth through trade liberalization, regard for the rule of law, and adherence to free enterprise principles in order to attain prosperity that is sustainable for the region. What happened to yahoo finance portfolios. In addition, I am a firm fan of much deeper U.S.-Caribbean energy relations. To me it is a win-win situation. U.S. has an abundance of oil, natural gas, and technical know-how, and the Caribbean has some of the greatest energy costs in the world and requires to lower these expenses by developing facilities for delivering energy, integrating energy markets to draw in investment and financing, and establish pipelines and liquified gas structures. After all, the United States is the largest energy producer in the Western Hemisphere; collectively with Mexico and Canada, The United States and Canada accounts for 71 percent of the hemisphere.
's crude oil and 28 percent of gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have significant oil and gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere need to be working more closely together to pursue hemisphere-acquired, energy self-reliance which suggests helping non-energy producing countries including the Caribbean neighbors in reaching this objective. Ultimately, if the Western Hemisphere were more energy independent it would go a long way to transforming our societies and security and self-reliance and our financial development. and CARICOM. Nevertheless, I remain concerned about the growing security difficulties in the region from transnational criminal companies that seek to use the region to deliver drugs, migrants, and contraband to United States shores. The Caribbean Basin.
Security Initiative is another tool the United States has utilized considering that 2010 to deal with local security concerns, and provided the Caribbean's tactical place to U.S. homeland, we need to keep thinking about ways to enhance CBSI and more successfully cooperate with the local partners to manage borders, block criminal groups 'ability to make use of permissive environments to their benefit. I am also concerned about individuals from the Caribbean that have actually signed up with Islamic extremist companies. Southern Command, General Kelly, affirmed prior to Congress that near 100 people had actually left the Caribbean to go fight in Syria. At a subsequent rundown, he particularly named Jamaica, Siriname, and Trinidad and Tobago as having had people leave for the battlefield. These threats timeshare attorney california to the United States and regional security need to inspire everyone; provide us all a greater desire to do more to strengthen security cooperation. Furthermore, I wish to mention at a previous subcommittee hearing on border security hazards in the region, I raised concerns regarding reports that I had amanda pearl bell seen about citizen by financial investment programs in the Caribbean which have actually made it possible for scams, corruption, and exploitation by foreign nationals.